National and International Institutions Regarding Foreign Trade


It is useful to reach as much data as possible from various sources when exporting and importing, because these sources provide useful information in eliminating the differences in terms of social, cultural and linguistic between countries. Especially with the spread of the internet, it has become more accessible to reach the resources provided by these institutions that lead the way in international trade. Both national and international institutions operate in the field of international trade.

1. Foreign Economic Relations Board of Turkey (DEİK)

In order to contribute to the integration of the Turkish economy with the world economy, researching investment opportunities in Turkey and abroad with the Business Councils within the body of DEİK, which work on expanding international relations networks, especially on industrial cooperation, opening the service sector to the international arena and searching for new markets It is the institution tasked with contributing to the increase of exports and organizing similar business development activities.

2. World Trade Organization

It is the legal and institutional body of the multilateral trading system. The WTO provides a legal framework for how governments will make domestic trade laws and regulations, and is a platform where trade relations between countries are developed through collective negotiations and negotiations. WTO, whose purpose is defined as removing barriers to international trade by reducing customs tariffs and preventing discrimination in foreign trade, is an international agreement that regulates trade between countries in terms of rights and responsibilities.

3. United Nations Conference on Trade and Development

The United Nations Conference on Trade and Development is the main executive body of the United Nations General Assembly in the field of trade and development. This conference, whose English abbreviation is UNCTAD, was established as a permanent international body at the end of the first session held in Geneva in 1964 with the aim of accelerating economic growth and development especially in developing countries. Making multilateral trade agreements, determining principles and procedures for international trade, reducing trade barriers are among its main duties.

4. Economic Cooperation and Development (OECD)

The OECD was established in 1961, based on the Paris Convention signed on 14 December 1960.OECD countries consist of industrialized and developing countries. Today, 38 countries are members of the organization. Among the objectives of the OECD is the implementation of the policy of economic expansion and the promotion of coordinated socio-economic development and supporting the development of multilateral and non-discriminatory world trade in accordance with international obligations. Besides the institution supports, human rights, democracy and personal liberties.



5. World Customs Organization

World Customs Organization is an international organization established to ensure and improve the effective work of national customs administrations. The headquarters of the organization is located in Brussels. This organization, which currently has 150 members, is responsible for the operation of more than 95% of international trade. By providing leadership, guidance and support to customs authorities, the World Customs Organization develops international standards, promotes cooperation and facilitates trade, ensures fair revenue collection and lastly protects society.

6. The International Chamber of Commerce

The International Chamber of Commerce is an international organization that represents companies from 140 countries around the world. The International Chamber of Commerce is the world's largest and most represented business organization. The headquarters of the organization is located in Paris. The International Chamber of Commerce helps to reinforce international trade to strengthen and protect open markets for goods and services and the free flow of money. The three primary activities that the ICC are the creation of rules, dispute resolution, and policy advocacy.

As can be seen, the above-mentioned institutions operate in order to provide a basic framework for international trade and to assist companies engaged in trade. The information provided by these institutions may still be insufficient for companies that want to trade, at this point, organizations that provide business intelligence can fill this gap.

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